This property looks like a bad Long-Term investment with a projected -20.81% first-year return on $163k initial cash invested.
-20.81%
Cash On Cash
2.28%
Cap Rate
0.35
DSCR
$2,210
Rent
-$2,822
Cashflow
Cash Flow
$2,210 income − $5,032 expenses = $2,822 out of pocket
Investment Breakdown
|
Purchase Price
$775k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$155k
Closing costs
1%
$7,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,210
Total Expenses
$5,032
Mortgage P&I
189%
$4,186
Property Taxes
0%
$1
Home Insurance
12%
$271
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$110
Vacancy
6%
$133
Maintenance
5%
$110
Other
0%
$0